Explain how each ofthe following shocks can impact the demand orsupply of oil: A. A worldwide economic recession. B. Improved oildrilling technology. C. War in a majoroil producing country. D. Greaterenvironmentalawareness about climate change.

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
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Explain how each ofthe following shocks can impact the demand orsupply of oil:
A. A worldwide economic recession.
B. Improved oildrilling technology.
C. War in a majoroil producing country.
D. Greaterenvironmentalawareness about climate change.

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